Does Stated Income still exist for LOW LTV, HIGH CREDIT borrowers?

[Daniel Hart]

Have you seen/used any? I need a 50% LTV loan and I have great credit and good reserves, just no verifiable income.

Should I keep looking?

[Scott M.]

Private or HM is really going to be your only option - even if you found another type of place I am sure the rates/points would make it unprofitable.

HM may also not really be an option as they are going to want to see your exit (normally a refi or sale and since your asking about financing I assume you would be doing a refi).

Private lenders - those who have $$ in CD's or self directed 401K's or just extra cash around is really going to be your best bet.

Or a private bank / credit union where you have a relationship - so if you don't have that established yet - it might be a good time to start - making nice with the money people is always a good thing to do.